National Buildings Construction Corporation (NBCC) shares surged 47% following the government’s push for affordable housing in the interim Budget. Finance Minister Nirmala Sitharaman announced plans to build 2 crore more houses for the rural poor and a scheme to help the middle class buy or build their own houses. This announcement has boosted optimism in the real estate and allied sectors. NBCC has already been experiencing positive momentum and the government’s emphasis on capex further supported the stock.
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